MARKET INTELLIGENCE FEED

Company's longest-serving satellite sent to graveyard orbit

Budget air travel company Spirit Airlines has grounded its operations for good. That could leave its recently developed South Florida headquarters vacant and up for grabs.

Renters have the upper hand in Downtown Los Angeles, with sluggish apartment rent growth motivating landlords to offer concessions and even lower rents. Rents fell 1.2% in Downtown in the first three months of this year, according to a Colliers report. “We've...

Ranco Capital has sealed $37.6 million of acquisition and construction financing for the development of a mixed-use multifamily building in Prospect Heights, Brooklyn, Commercial Observer has learned. BridgeCity Capital provided the loan for the developer’s planned project at 1084 Pacific Street, which will feature 71 apartment units and 48,061 squ

Despite activist investor Jonathan Litt’s ongoing campaign against First Industrial Realty Trust’s board of directors, shareholders overwhelmingly sided with existing leadership during the Chicago-based REIT’s annual shareholder meeting.

French state-backed Series-A strengthens VLEO 5G demonstrator, hoping to enable Euro sovereignty

Rester Management has landed $114 million of U.S. Department of Housing and Urban Development-backed debt to refinance a newly built multifamily tower in Harlem, Commercial Observer has learned. Dwight Capital supplied the HUD 223(f) loan for Rester’s 224 West 124th Street, a 19-story apartment building completed in 2023. Loan proceeds will retire

The fund is targeting $2bn of investment to develop and operate data center infrastructure

Fermi booted co-founder and former CEO Toby Neugebauer from its board of directors, and he responded with a lawsuit alleging wrongful termination.

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Power and planning. Those are the key areas where the UK needs to improve to attract the data centre occupiers that are driving the growth of artificial intelligence and the global economy, according to one of the world’s largest hyperscalers. “Those...

Owners of inverter-based resources (IBRs) have been required to register with NERC by May 15, 2026, or face steep penalties.

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Real estate firm eyes another development in Loudoun County

The company has 28 large load projects representing 11 GW under contract, and Georgia Power’s first-quarter capital expenditures increased year over year from $1.6 billion to $2 billion.

Rivington Energy plans solar farm and data center development outside Scunthorpe

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Initial shipments of the chips expected in December

Investors Ares and Kennedy Wilson are back in the frame to snap up EQT ‘s industrial and logistics portfolio, with the two underbidders reemerging after U.S. investor Baupost pulled out, Green Street News reported. Baupost had been granted exclusivity...

Thin-film manufacturer First Solar delivered a robust start to 2026, posting record first-quarter revenue of $1.04 billion and maintaining its full-year outlook despite signaling a seasonal dip in second-quarter profitability.

As tower company sets sights on "pure-play" tower focus

Salt River Project and NextEra Energy Resources have signed a power purchase agreement for 3,000 MW of solar and 1,000 MW of battery storage to be built in Arizona through 2027.

The Fallon Company has secured $100.5 million in construction financing to build Twelve03 at Centre South, a 329-unit multifamily complex that marks the first phase of a 16.7-acre mixed-use development in Charlotte, N.C. TD Bank provided the senior construction loan and RXR Realty Investments invested equity capital int the project. The JLL Capital

Eversource, Avangrid and other New England utilities seek an 11.39% return on equity weeks after FERC set it at 9.57%. Higher ROE is needed to attract capital given “current risk conditions,” such as the Iran war and supply chain constraints, they said.